Lululemon Stock Dips After Nike's Q4 Report: What's Going On?
Portfolio Pulse from Erica Kollmann
Lululemon Athletica Inc. (NASDAQ:LULU) shares are trading lower in sympathy with Nike, Inc. (NYSE:NKE), which fell after reporting worse-than-expected Q4 revenue and weak forward guidance. Nike's CFO revised the company's outlook for fiscal 2025 lower, anticipating a mid-single-digit decline in reported revenue. Lululemon's recent earnings beat expectations, but the company provided soft second-quarter guidance.
June 28, 2024 | 5:16 pm
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NEGATIVE IMPACT
Lululemon shares are down 2.49% in sympathy with Nike's disappointing Q4 earnings and weak forward guidance. Despite Lululemon's strong recent earnings, soft Q2 guidance has also contributed to the decline.
Lululemon's stock is reacting negatively to Nike's poor earnings report and weak guidance. Although Lululemon had strong recent earnings, its soft Q2 guidance adds to investor concerns, leading to a short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nike shares have fallen more than 20% after reporting worse-than-expected Q4 revenue and weak forward guidance. The company now anticipates a mid-single-digit decline in reported revenue for fiscal 2025.
Nike's stock is experiencing a significant decline due to worse-than-expected Q4 revenue and weak forward guidance. The revised outlook for fiscal 2025 and anticipated revenue declines are major concerns for investors, leading to a sharp drop in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100